Finnfund, like many development finance institutions, faces a long series of challenges in finding enough viable investment opportunities in Ukraine amid the ongoing war.
A high minimum investment size, strict ESG criteria, the continued presence of oligarchs, and a hesitance on the part of Finnish investors to enter Ukraine during the war are impeding swift investment, said Finnfund investment director Hanna Loikkanen.
"Regardless of how hard we try, I don't really think that we are going to be able to find a lot of bankable and investable investments," Loikkanen said in an interview with Ukraine Rebuild Newswire. "We have struggled in identifying such."
Since receiving a €25 million allocation from the Finnish government early this year, Finnfund has been constantly seeking viable investment opportunities, approaching associations, companies, groups, experts and virtually anybody else who might help them track down a lead.
